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Nial Fuller

NIAL FULLER Nial Fuller
Professional Trader, Author & Coach

Weekly Trade Ideas: GOLD, SPI 200 & DAX 40 – February 21st to 25th, 2022

Note On Charts: It’s important you are trading with a broker that offers True 5 Day New York Close Charts.

Note On Brokers: Download our Preferred Broker Platform with New York Close Charts Here.

GOLD – SPOT

Price Action: Price formed a Bullish Pin Bar Signal, late last week (We are not considering trading this signal as this signal did not form at any key level and we prefer to buy on a deeper pullback to support areas).

Price exploded higher from the recent Inside Bar Pattern that had formed, early last week (We did not consider trading this pattern as it had formed just under the $1877 prior key resistance level. Also, given the large range of bars in this pattern, it would have been hard to manage risk-reward).

Price broke and closed above the $1877 prior key resistance area, late last week.

Potential Trade Idea 1: For more aggressive traders, we are still considering buying on a retracement lower and after a clear price action signal, within the $1853 – $1877 short-term support area.

Potential Trade Idea 2: We are still considering buying on a retracement lower and after a clear price action buy signal, at or just above the $1805 – $1831 short-term support area.

NOTE – You can trade Spot GOLD via the trading platform we use HERE.

SPI 200 – Cash

Price Action: Price formed a Bearish Tailed Bar Signal just under the 7245 – 7325 short-term resistance, late last week. (We suggested selling from the recent Bearish Tailed Bar Bar Signal in the February 18th member’s Newsletter, and price sold off from that signal).

Price moved lower from the recent Bearish Tailed Bar Bar Signal that had formed just under the 7245 – 7325 short-term resistance, late last week.

Price broke out from the recent Bullish Pin Bar Signal but didn’t follow through and collapsed lower (We did not consider trading this signal and hopefully saved some members on this market).

Potential Trade Idea 1: We are considering selling if price pulls back to within the range of the recent Bearish Tailed Bar Signal, with risk management well above the high of the signal bar.

Potential Trade Idea 2: For more advanced traders there could be a buying opportunity at or just above the 6833 – 6890 key support area (Prior Event Area).

NOTE – You can trade SPI 200 Cash via the trading platform we use HERE.

DAX 40 – Cash

Price Action: Price formed a Giant Bearish Pin Bar Signal just under the 15355 – 15486 short-term resistance area, late last week.

Price briefly moved higher from the recent Bullish Pin Bar Signal that had formed, early last week, but didn’t follow through (We did not consider trading this signal as this market is forming lower lows within the short-term Bearish trend and the market is at risk of breaking below the 14830 – 14913 key support area).

Potential Trade Idea: We are considering selling on a retracement higher to within the range of the current Bearish Pin Bar Signal, with wide risk management well above the high of Tailed Bar Signal.

NOTE – You can trade DAX 40 Cash via the trading platform we use HERE.

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Chart Commentary Disclaimer: Nial Fuller’s and Learn To Trade The Market’s analysis and comments below should not be considered financial advice or a recommendation to trade or invest in any financial product. Your personal financial circumstances and risk limits have not been taken into consideration in the below analysis and comments. This newsletter is for general educational purposes only. Do not blindly buy and sell the financial products discussed in this newsletter. Always do your own analysis and research and be expressly aware of the risks and rewards in trading or investing in any financial product.

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Nial Fuller

About Nial Fuller

is a Professional Trader, Investor & Author who is considered ‘The Authority’ on Price Action Trading. His blog is read by over 200,000+ followers and he has taught 25,000+ students since 2008. In 2016, Nial won the Million Dollar Trader Competition. Checkout Nial's Professional Trading Course here.
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  1. Anthony

    Thanks Nial

    Reply
  2. Moses Ukpabi

    Thanks Nial

    Reply

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